CFL announces record profit
This after it announced today a record profit of $864,220 for last year.
Managing Director William Parkinson said CFL enjoyed a strong 2008 showing good growth and achieving a 96% profit growth compared to 2007.
In Papua New Guinea, growth has also been strong with revenue increasing by 11%.
According to Parkinson, achieving this kind of result was not easy especially in a tough year like 2008.
The CFL board has also announced a final dividend payment of four cents for the year bringing total dividends for 2008 to eight cents per share.
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